RP Data: Home values fall 0.9% in May

Sunday 31 May 2015

RP Data’s price results are in for May, with the daily index recording a 0.94% decline over the month at the 5-city level, with all major capitals recording losses (see next chart).

It was the first monthly fall in values in six months, although values rose by 1.24% over the quarter, with Sydney’s up by a whopping 3.29% (see next chart).

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.